About the role
Role Purpose:To lead transaction monitoring activities by reviewing suspicious transaction alerts, conducting investigations, mitigating financial crime risks, and ensuring adherence to AML, KYC, PMLA, and regulatory requirements.
Key Responsibilities:- Review and investigate transaction monitoring alerts generated through AML systems.
- Identify suspicious transaction patterns and potential money laundering, fraud, or regulatory risks.
- Perform detailed analysis and prepare case investigation reports with appropriate recommendations.
- Escalate suspicious cases for STR filing and regulatory reporting as per prescribed guidelines.
- Ensure timely closure of alerts within defined TAT and maintain investigation quality standards.
- Coordinate with branches, operations, compliance, and business teams to obtain necessary information for investigations.
- Prepare MIS, dashboards, and management reports related to transaction monitoring activities.
- Support regulatory inspections, internal audits, compliance reviews, and risk assessments.
- Monitor adherence to AML/KYC policies, RBI guidelines, PMLA provisions, and internal controls.
- Assist in process improvements, policy implementation, and team training initiatives.
- Graduate/Postgraduate in Commerce, Finance, Banking, Law, or related discipline.
- 4-7 years of experience in Transaction Monitoring, AML Compliance, Financial Crime Compliance, Fraud Risk, or Investigations.
- Strong understanding of AML regulations, PMLA, KYC norms, STR filing, and regulatory compliance requirements.